Joint Ventures of Government
through Subsidiaries also covered for Exemption of Lease Rentals for Industrial
Promotion
[Notification No.
23/2018- Central Tax (Rate) dated 20 September 2018]
In exercise of the powers conferred by
sub-section (3) of section 11 of the Central Goods and Services Tax Act, 2017
(12 of 2017), the Central Government, on the recommendations of the Council,
and on being satisfied that it is necessary so to do for the purpose of
clarifying the scope and applicability of the notification of the Government of
India, in the Ministry of Finance (Department of Revenue) No.12/2017- Central Tax (Rate), dated the 28th June, 2017,
published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-Section (i), vide number G.S.R. 691(E),
dated the 28th June, 2017, hereby inserts
the following Explanation in the said notification, in the Table, against serial number 41, in column
(3), namely:-
“Explanation.-
For the purpose of this exemption, the Central Government, State Government or
Union territory shall have 50 per cent or more ownership in the entity directly
or through an entity which is wholly owned by the Central Government, State
Government or Union territory.”
[F. No.354/300/2018-TRU]
[Notification
No. 24/2018-Integrated Tax (Rate) dated 20 September 2018]
In exercise of the powers conferred by
sub-section (3) of section 6 of the Integrated Goods and Services Tax Act, 2017
(13 of 2017), the Central Government, on the recommendations of the Council,
and on being satisfied that it is necessary so to do for the purpose of
clarifying the scope and applicability of the notification of the Government of
India, in the Ministry of Finance (Department of Revenue) No. 9/2017- Integrated Tax (Rate), dated the 28thJune, 2017,
published in the Gazette of India, Extraordinary, Part II, Section 3,
Sub-Section (i), vide number G.S.R. 684(E),
dated the 28thJune, 2017, hereby inserts the following Explanation in the said
notification, in the Table, against serial number 43, in column (3), namely:-
“Explanation.-
For the purpose of this exemption, the Central Government, State Government or
Union territory shall have 50 per cent or more ownership in the entity directly
or through an entity which is wholly owned by the Central Government, State
Government or Union territory.”
[F.
No.354/300/2018-TRU]